Rolex INSURANCE

[car&watch]

Hey there all!
Just wondering who you guys use to insure your Rolex watches?? Do you have them listed on your homeowners policy, or do you use an independent company such as "Jewelers Mutual"???

Just curious who is the best to deal with for insurance on our great watches??

Have a good night all!

[Stonedcl]

Jewlers mutual great to get insurance but never filed a claim with them yet..

[RolexPete32]

I do not use insurance on my watches. I do lock them up though when I am not at home.

[perpetualman88]

i have renters insurance ( i am a college student) and i have my datejust added as a seperate entity to my policy for an additional 160 a year this covers my datejust up to 6000 the cost of a new one.

[springer]

Home owner's insurance is the best way to insure your valuables. Most companies are very reasonable.

[etp095]

Originally Posted by springer

Home owner's insurance is the best way to insure your valuables. Most companies are very reasonable.

x2,a separate rider policy,usually costs $10 per thousand.

[Runnin' Rebel]

I have all 5 of mine under USAA, comes to about 55.00 a month for replacement cost loss/stolen

[Hodog16]

Also use USAA. They have extremely reasonable rates.

[Runnin' Rebel]

Originally Posted by Hodog16

Also use USAA. They have extremely reasonable rates.

[GED]

Originally Posted by JAGERVEGAS

I have all 5 of mine under USAA, comes to about 55.00 a month for replacement cost loss/stolen

USAA here too-my one GMT costs $5 per month for replacement cost.

[Watch Professor]

Jewler's Mutual. I'd rather have my jewelry and watches not insured by my homeowner's policy as a claim would push up the premium for the entire policy.

[hsfrank]

Originally Posted by JAGERVEGAS

Prould to be a 48 year member. BTW if anybody wants to get a copy of my PM about how to insure just PM me.

[never2late]

Originally Posted by perpetualman88

i have renters insurance ( i am a college student) and i have my datejust added as a seperate entity to my policy for an additional 160 a year this covers my datejust up to 6000 the cost of a new one.

Jewelers Mutual would cover that watch for about $57.00 per year with no effect on your homeowners policy. You should check them out and save some money. No. I'm not connected with the company in any way.

[Runnin' Rebel]

Originally Posted by hsfrank

Prould to be a 48 year member. BTW if anybody wants to get a copy of my PM about how to insure just PM me.

35 years here

[HDHNTER]

Originally Posted by Watch Professor

Jewler's Mutual. I'd rather have my jewelry and watches not insured by my homeowner's policy as a claim would push up the premium for the entire policy.

This

[Rbdport]

USAA. Valuable property rider for all the furs, jewelry and hubby's watch.

[geronimo509]

I am using state farm. I am paying less than 1% of the apprasial value.

[raskal83]

Originally Posted by geronimo509

I am using state farm. I am paying less than 1% of the apprasial value.

Good luck collecting from them, I have heard they are the worse to go with in the case of jewelry.

I am very surprised people do not use Chubbs as they are known for their jewelry insurance. Yes, they do cost a bit more, but they usually have no deductible and cover up to 150% of the appraisal cost.

Can someone give more details about USAA. Do you have to be or been part of the military?

[mvp1222]

USAA requires you or a member of your immediate family to have been military...and they are the best. Not only do they cover lost/stolen, but they also cover any damage, even if your stupid and drop your millie in the shower like I did.
I filed the claim, sent it to RSC for an estimate, and they wire transferred the funds for a crystal replacement right into my account. No deductible.

[Power Play]

After having insured watches and jewelry for many yrs, paying lots of premium dollars without ever submitting a claim, I no longer insure this kind of stuff. I figure I'm saving plenty of dough every year and am basically self-insuring. Just my approach...

[Stonedcl]

Has anyone ever made a claim with jewelers mutual?
I have my wife engagement ring with them and recently added my rolex. They are very easy to deal with and prices are reasonable but have not had to make a claim yet.
I am wondering if anyone has ever dealt with them when making a claim?

[dooder202]

Originally Posted by Stonedcl

Has anyone ever made a claim with jewelers mutual?
I have my wife engagement ring with them and recently added my rolex. They are very easy to deal with and prices are reasonable but have not had to make a claim yet.
I am wondering if anyone has ever dealt with them when making a claim?

Yeah I was wondering the same thing too. I have a bad feeling about insuring my 10k watch with a company that I cannot even see them in person.

Although I did have a Rolex insured with my insurance company in the past.

[rockmastermike]

Originally Posted by mvp1222

USAA requires you or a member of your immediate family to have been military...and they are the best. Not only do they cover lost/stolen, but they also cover any damage, even if your stupid and drop your millie in the shower like I did.
I filed the claim, sent it to RSC for an estimate, and they wire transferred the funds for a crystal replacement right into my account. No deductible.

very cool to know. I have home/auto with USAA (Army brat) and will look into adding my Rolex and Omega

[Stonedcl]

Originally Posted by Power Play

After having insured watches and jewelry for many yrs, paying lots of premium dollars without ever submitting a claim, I no longer insure this kind of stuff. I figure I'm saving plenty of dough every year and am basically self-insuring. Just my approach...

$100 to insure a $5000 rolex I think is worth it.. It will take 50 years of putting away your dedutable to save enough money to replace the watch.
I don't want to have to worry if Someone tries mugging me for my watch.
If I did not have insurance I would probably try to fight back if someone tried mugging me for my watch (and possibly get injured) but with insurance I would give less resistance to someone trying to steal my watch.. It's not worth getting stabbed or possibly shot over a rolex and that's why I have insurance..

[dr.scott]

I use State Farm as well, a separate policy for personal articles such as jewelry, paintings, etc. My dad is the agent, so if there is ever a claim that will help with collecting. I may reevaluate when he retires next year, though.

dr.scott

[theoilrigger]

I use State Farm. I have their floating articles policy, about $20,000 worth of watches and jewelry it costs me around $17 a month. Thats with a $100 deductible. I had one claim about 4 years ago. Had no problems at all...

[BeekerMuppet]

It will go into my home owner's insurance probably.

[mfer]

Originally Posted by Watch Professor

Jewler's Mutual. I'd rather have my jewelry and watches not insured by my homeowner's policy as a claim would push up the premium for the entire policy.

Same here and I have two friends that I work with that use them as well and both of them have had to make claims. No issues.

One was b/c his wife lost earrings. No questions asked, just replaced.
The other was a guy who got his car broken into while at the gym. Police report was filed and guy got his insurance money.

[wot_fan]

Originally Posted by mfer

Same here and I have two friends that I work with that use them as well and both of them have had to make claims. No issues.

One was b/c his wife lost earrings. No questions asked, just replaced.
The other was a guy who got his car broken into while at the gym. Police report was filed and guy got his insurance money.

Thanks for the info. I just insured my watches with them and it is good to know that they won't make me jump through hoops if I have to make a claim.

[mfer]

Originally Posted by wot_fan

Thanks for the info. I just insured my watches with them and it is good to know that they won't make me jump through hoops if I have to make a claim.

NP, I use them too. Hopefully I'll never have to file a claim!